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Upbeat dollar on Trump landslide victory

EURUSD slightly recovered to 1.0750 after nosediving to near 1.0700 in Wednesday’s European trading, the lowest level in four months. The major currency pair was hit badly as Republican Donald Trump took the Senate from Democrats after gaining an unconquered lead in key battleground states. The

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UCy sees real GDP growth at 3.5%

Economic growth in Cyprus is expected to accelerate this year and to remain robust in 2025, supported by favourable labour market conditions,

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Markets focus on US jobs data

The US dollar struggled to find demand following mixed macroeconomic data releases on Thursday. The Initial Jobless Claims declined by 12,000 to 216,000 for the week ending October 26, while the Employment

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Cyprus turns its back on Russians

By Nick Kochan Cyprus was once a congenial bolthole for Russians who sought security for their business, with minimal controls or taxes.

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WTI below $70, slowing demand caps upside

West Texas Intermediate prices struggled to capitalise on Monday’s modest gains and oscillated in a narrow band, around the $69.70-69.75 area on Tuesday. The US benchmark crude oil remained within striking distance of a nearly three-week low touched last Friday and seems

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Markets focus on US jobs data

The US dollar struggled to find demand following mixed macroeconomic data releases on Thursday. The Initial Jobless Claims declined by 12,000 to

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ICS e-learning Academy to have positive impact on shipping and crews

The International Chamber of Shipping (ICS), the trade body representing the world’s national shipowner associations, launched its e-learning Academy, which shipowners say will have “positive impact on crews and shipping companies worldwide.” “As the shipping industry faces increasing regulatory challenges

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